The Chinese government has formally released the complete text of its highly anticipated Government Work Report through the official Xinhua News Agency. This comprehensive document, which received official approval during the concluding session of the 14th National People’s Congress on March 12, outlines the nation’s strategic direction for the coming year and beyond.
Premier Li Qiang presented the report that encompasses four critical sections: a thorough evaluation of China’s accomplishments throughout 2025; primary objectives and significant missions for the 15th Five-Year Plan period; fundamental requirements and policy directions for socioeconomic advancement in 2026; and key undertakings scheduled for implementation this year.
The report establishes precise economic targets for 2026, projecting GDP expansion within the range of 4.5% to 5%, with aspirations to surpass these benchmarks where feasible. Additional economic indicators include maintaining urban unemployment at approximately 5.5%, generating over 12 million new urban employment opportunities, and containing consumer price inflation around 2%.
Further provisions address environmental sustainability, with commitments to reduce carbon dioxide emissions per GDP unit by roughly 3.8% and maintain grain production at approximately 700 million metric tons. The document also emphasizes balanced economic development through ensuring personal income growth maintains parity with overall economic expansion and preserving equilibrium in international payments.